History

Aibel has roots dating back more than a century. Companies such as Elektrisk Bureau, Haugesund Mekaniske Verksted (HMV), Umoe and ABB were all forerunners of Aibel as it is today. 

Aibel has played an important role in the development of the oil industry and is now an independent and forward-looking company. 

Our history in brief

2014
Aibel is a major player in the market, active on half of the installations on the Norwegian continental shelf. We also execute important assignments in four land-based plants.

2013
Herkules Capital sells its shares in Aibel. The Swedish company Ratos and Sjätte AP-fonden now represent 50 per cent of the total ownership interests in Aibel. Ferd owns and controls the remaining 50 per cent. 

2009
Aibel AS invests in Hammerfest Maritime Service AS, with the Langset Group as the majority owner.

2008
Aibel Group Limited receives a capital injection of NOK 600 million from its owners. Aibel Group Limited is subsequently demerged to two separate legal and operating units; Aibel AS and Aibel Group Limited.

2007
August: Aibel Group Limited is founded as an independent company.
June: Aibel is acquired by Norwegian investors through Ferd and Herkules Capital.

2004
ABB Offshore Systems is sold. The new holding company, Vetco International Limited, is founded. ABB Offshore Systems is one of two subsidiaries and its name is changed to Vetco Aibel AS. The second subsidiary is Vetco Gray.

2002
Change of name to ABB Offshore Systems.

2000
ABB purchases oil and gas installations from Umoe ASA. Umoe has a long history of providing services to the Norwegian oil market and the company is particularly involved in modifications and maintenance. This also implies that ABB takes over the offshore yard in Haugesund.

1993
ABB Offshore Technology is formed.

1987
ABB becomes the majority owner of Elektrisk Bureau (EB). The oil and gas sector is gradually built up over the next few years.

1900
Haugesund Mekaniske Verksted (HMV) is founded.

1882
Elektrisk Bureau (EB) is founded.